The dismal economy of the past few years has created something of a buyer’s market when it comes to real estate. That has prompted many to look at purchasing investment properties, which usually involves a little bit of interior work before putting the house on the rental market.

Anyone new to property investment probably has no idea of the costs associated with making major home renovations because, let’s face it, how often have any of us ever had the need to head to the local mega hardware store to buy drywall? Sure there are a few exceptions, like the people who build their home from scratch, construction company owners, and the dud who gets drunk and falls into the living room wall.

The point is that if you were to ask anyone what the drywall prices are, they wouldn’t have the first clue. We never really know the cost until it’s time to do a home repair or installation, but it’s never a bad idea to acquaint yourself with the prices of construction materials, just in case.

Drywall prices per sheet

As it stands at the moment, the average drywall prices for a sheet of 1/4″ x 8′ x 4′ is sitting somewhere around the $8 per sheet range, which is something of a bargain when you consider that prices were as high as double that amount just a few short years ago.

Before you get all giddy and start plans to completely remodel your home don’t forget to figure in screws, tape, and mudding, all of which will be used required to finish out the drywall. You may also have to factor in, unless you are a DIY wizard, the cost of hiring a drywall pro to hang those deliciously cheap sheets.

Use a handy drywall calculator to determine what kind of materials you’ll need to finish the job, then budget accordingly using our drywall prices.

Cost of labor, not including drywall prices

You may have the drywall prices, but remember, the extra costs for the materials to finish your project usually average out at around 40 cents per square foot. That means that you can do the job yourself relatively cheaply, but given that most of us are confused about how a screwdriver works, it may be better to leave the job in the hands of the professionals. You’ll find that most drywall contractors will either charge per sheet, or by square foot, with the costs getting higher if you have some complicated, high rise architecture going on in your abode.

Bottom line – price usually ranges from $25 to $60 per sheet to hang and finish, or roughly $1 per square foot, not including drywall prices. You’ll want to have the job done properly, as nothing looks worse than a wall that is poorly finished, except perhaps for the gaping hole that appears when you fall through it. If you can refrain from hurting yourself and getting it done, do it yourself.

Nothing better then learning something new, all while saving hundreds, if not, thousands of dollars, especially on drywall prices.